Radiant Capital

Radiant introduces the dLP ZAP feature, which simplifies the process of creating dLP by combining token swapping, LP provision, and dLP locking into one click. Users can provide liquidity with tokens from their wallet or borrow against their deposits. The ZAP feature also supports non-ETH assets. Additionally, users can provide liquidity in a single token or both tokens, using RDNT from their wallet or vesting. The 'Meet eligibility' button automatically calculates the amount needed to lock into dLP to meet the unlocking requirement for RDNT emissions.

Furucombo is offering a majority share of their grant to Radiant users who manage their positions from Furucombo's Lending Dashboard.

Radiant Capital had a successful year in 2023, with notable achievements and milestones. The V2 upgrade brought enhanced tokenomics, utility, and cross-chain capabilities to the platform. Radiant expanded to BNB and ETH Mainnet, getting closer to their omnichain vision. Deposits surged from $125M to $672.8M, and borrows grew from $90.3M to $329.7M. Dynamic liquidity providers added robustness and unlocked access to a portion of protocol fees, reaching a total of $105.8M. Radiant generated around $22M in fees from V2 alone. The active user base increased significantly from 37,409 to 389,250. The community can look forward to RFP-28, introducing components of Radiant V3.

Join Radiant Capital next week for Office Hours to discuss the latest updates and plans for the future. The platform is introducing the Radiant Innovation Zone (RIZ) to explore new markets, offering enhanced trading mechanisms, integrating LayerZero for cross-chain opportunities, and implementing efficiency and sustainability measures.

RFP-27 is now live and aims to recapitalize the Arbitrum lending market and resolve excess debt from the January 2nd incident. The proposal presents options for debt repayment and market stabilization, with the goal of ensuring protocol integrity and reinforcing user trust. DAO members are encouraged to review details and cast their votes.

RFP-27 has been launched to address the recapitalization of the Arbitrum lending market and resolve the excess debt from the January 2nd incident. It presents strategic options for debt repayment and market stabilization, with the aim of maintaining protocol integrity and user trust. DAO members are encouraged to review the details and cast their vote to contribute to strengthening the platform.

Radiant Capital has decided to increase the existing bounty by $100,000 or its equivalent to encourage individuals to identify the exploiter or provide valuable information. They condemn such acts of exploitation as they harm protocols and erode trust in the Web3 community. Radiant is dedicated to supporting efforts that improve the security and stability of the Web3 ecosystem.

Radiant Capital has completed Snapshot 2 on Ethereum Block #18895010. Users who locked dLP for 6-12 months between snapshots 1 & 2 are eligible to receive a share of 500,000 ARB, as ratified in RFP-25. Eligible users will soon be able to claim ARB through a landing page implemented by Radiant's core contributors.

Radiant Capital is introducing omnichain functionality with its core feature, cross-chain borrowing. The platform aims to unify fragmented liquidity across EVM chains, allowing users to deposit assets on one chain and borrow on another. This is made possible through Stargate Finance's stable router interface. Users can easily deposit collateral and choose the network to receive borrowed funds, with repayments made on the original network. Radiant Capital's roadmap includes a LayerZero implementation for cross-chain repayments and other advancements.

A proposal to add native USDC as collateral in the Radiant money market is currently open for voting until December 24, 2023, 8:00 PM EST. Cast your vote now.